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related topics |
{debt, indebtedness, cash} |
{operation, international, foreign} |
{competitive, industry, competition} |
{cost, regulation, environmental} |
{customer, product, revenue} |
{cost, operation, labor} |
{condition, economic, financial} |
{product, market, service} |
{financial, litigation, operation} |
{loss, insurance, financial} |
{cost, contract, operation} |
{acquisition, growth, future} |
{stock, price, operating} |
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Risks Related to Our Business and Industry
Our pulp business operates in a cyclical industry which can have an impact on our operating results.
Northern Bleached Softwood Kraft Pulp
Fluctuations in currency exchange rates could adversely affect our results.
U.S. $/Canadian $ Exchange Rate History
The availability of and prices for raw materials and energy will significantly impact our business.
Our pulp mill may experience unexpected or prolonged shutdowns, which would adversely affect our financial position, results of operations and cash flows.
The results of our pulp business will depend on our pulp supply agreement with Kimberly-Clark and our ability to supply other customers.
Our business will suffer if we are unable to effectively respond to decreased demand for some of our products.
The terms of our pulp supply agreement with Kimberly-Clark may require us, at times, to sell pulp at prices that are lower than the prices at which we may be able to sell pulp to other customers.
If we are unable to effectively respond to the significant challenges faced by our pulp business our financial condition, results of operations and cash flows will be materially and adversely affected.
Our activities are subject to extensive government regulation, which could increase our costs, cause us to incur liabilities and adversely affect the manufacturing and marketing of our products.
The outcome of legal actions and claims may adversely affect us.
We have significant obligations for pension and other post-employment benefits.
Labor interruptions would adversely affect our business.
Our operating results are likely to fluctuate.
We face many competitors, several of which have greater financial and other resources.
We may fail to realize the anticipated cost savings, revenue enhancements and other benefits expected from our recent acquisitions, which could adversely affect the value of our shares of common stock.
We have incurred expenses related to the integration of Neenah Germany and Fox River, and we expect to incur additional substantial expenses related to the continued integration of Neenah Germany and Fox River.
Risks Relating to Our Indebtedness
We have significant indebtedness which subjects us to restrictive covenants relating to the operation of our business.
Our revolving credit agreement is secured by substantially all of our North American assets.
Our failure to comply with the covenants contained in our revolving credit facility or the indenture governing the notes could result in an event of default that could cause acceleration of our indebtedness.
Despite our indebtedness levels, we and our subsidiaries may be able to incur substantially more indebtedness, which may increase the risks created by our substantial indebtedness.
We may not be able to generate a sufficient amount of cash flow to meet our debt obligations, including the notes.
We depend on our subsidiaries to generate cash flow to meet our debt service obligations, including payments on the notes.
We may not be able to fund our future capital requirements internally or obtain third-party financing.
Full 10-K form ▸
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